Foreign travel brands need to be deeply entrenched in this market, especially considering the fact that a Chinese consumer is using a complex, digitally inter-connected network.
Traditional travel companies must throw away the tag of being a "laggard", and rather adopt an agile mindset by incubating start-ups.
GTV of in-store, hotel & travel businesses grew by 20.7% to RMB51.3 billion in the three months ended June 30, 2019 from RMB42.5 billion in the same period of 2018.
CanadaStays will become part of the Vrbo vacation rentals division in a move designed to strengthen Expedia Group’s alternative accommodation presence in Canada.
Zhiketong has raised nearly RMB 480 million in total since its incorporation in December 2014.
As of June 2019, the number of OTA users topped 150 million. Third- and fourth- tier cities became important growing markets.
The solution tracks and accounts for commission payments owed by hotels for services booked through online travel agencies and stores it on a shared ledger.
Sabre will file its formal written response to the DOJ’s lawsuit "at the appropriate time."